Written by Alexandra Burris for the Baton Rouge Business Report | January 17, 2018
Renal Associates of Baton Rouge has purchased a 12,700-square-foot building on East Airport Avenue, near Independence Community Park, for a new surgery center.
The company paid $3.1 million, or approximately $240 per square feet, for the site. The buyer is PIC-VAC Building Partners, a limited liability company co-managed by Drs. Robert P. Landry and Michael W. Roppolo of Renal Associates. ALF Properties LLC, owned by Dr. Arnold Feldman, is the seller.
Renal Associates, which has clinics in Baton Rouge, Zachary, Gonzales, and Walker, could not be reached for comment this morning. But Steve Legendre, partner and managing director of Sperry Van Ness | Graham, Langlois & Legendre, who represented the company in the deal, confirms the site will be used as a surgery center. The deal also included some medical equipment, he adds.
“It was an existing surgery center that really fit their requirements,” Legendre says. “It really was not anything they were looking for. It just happened to be on the market and filled a need for them.”
Matthew Shirley, an agent/broker for Saurage Rotenberg Commercial Real Estate, represented the seller.
Matthew Shirley joined Saurage Rotenberg Commercial Real Estate in January 2011. Matthew is a graduate of Louisiana State University with a degree in International Trade and Finance. While at LSU, Matthew was a member of Omicron Delta Epsilon – The International Honor Society for Economics. Matthew’s professional memberships include the Greater Baton Rouge Association of REALTORS® Commercial Investment Division and the Louisiana Commercial Data Base (LACDB).
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).